Spare
PrivateLast Round
Series B
Sep 10, 2024
Total Funding Raised
$62.2M
Company Overview
Spare is an open banking infrastructure company that provides a secure API platform for account information services and payment initiation across the MENA region.
Sector
FinTech
Verticals
Digital Banking, Digital Payments, Point-of-Sale, Digital Wallets
Business Model
B2B
Customer Profile
Payment Processing Fee, Usage-Based SaaS, Subscription SaaS
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Spare Comps
Public and private peers based on sector, stage, and business model.
| Company | Status | Est. Valuation | Rev Multiple |
|---|---|---|---|
| OpenAI | Private | $86.0B | ~40x |
| Cohere | Private | $5.0B | -- |
| Competitor 1 | Public | $XX.XB | XXx |
| Competitor 2 | Public | $XX.XB | XXx |
Spare Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series B | Sep 10, 2024 | ||||
| Debt | Jun 4, 2024 | ||||
| Series A | Nov 30, 2021 | ||||
| Seed | Apr 30, 2019 |
Key People
Founding team and executive leadership
Spare Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| TransLink Capital | Series A |
| Nicola Wealth | Series B, Series A |
| Inovia Capital | Series B, Series A |
| Japan Airlines Ventures, Inc. | Series A |
| CIBC Innovation Banking | Debt |
| Kensington Capital Partners | Series B, Series A |
| Ramen Ventures | Series A |
Market signals
Structured signals derived from secondary market and firmographic data.
- Sep 10, 2024
$31M round led by Inovia Capital
- Nov 30, 2021
$18M round led by Inovia Capital.
Spare Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Spare's valuation, stock price, and market status.